Media coverage about PJT Partners (NYSE:PJT) has trended somewhat positive recently, according to Accern. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. PJT Partners earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 47.0569011374236 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news articles that may have impacted Accern’s scoring:
- PJT Partners’ Cornwell Sees eSports Craze Gaining Steam (finance.yahoo.com)
- PJT Partners Inc (PJT) Receives Average Rating of “Buy” from Brokerages (americanbankingnews.com)
- Arch Coal Is Back After Exiting Bankruptcy In 2016 (seekingalpha.com)
- Recent Analysis Shows Asbury Automotive Group, PJT Partners, eHealth, HCI Group, Getty Realty, and TPG Specialty Lending Market Influences — Renewed Outlook, Key Drivers of Growth (finance.yahoo.com)
Several research firms have recently weighed in on PJT. Zacks Investment Research downgraded PJT Partners from a “buy” rating to a “hold” rating in a research report on Tuesday, March 13th. Sandler O’Neill set a $55.00 target price on PJT Partners and gave the company a “buy” rating in a research report on Thursday, January 11th. Finally, Buckingham Research began coverage on PJT Partners in a research report on Wednesday, January 3rd. They issued a “neutral” rating and a $51.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $50.20.
PJT Partners (NYSE:PJT) last announced its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $0.79 EPS for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.12. PJT Partners had a positive return on equity of 319.40% and a negative net margin of 6.52%. The firm had revenue of $190.55 million for the quarter. equities analysts predict that PJT Partners will post 2.5 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 21st. Investors of record on Wednesday, March 7th were given a dividend of $0.05 per share. The ex-dividend date was Tuesday, March 6th. This represents a $0.20 dividend on an annualized basis and a yield of 0.40%. PJT Partners’s payout ratio is -11.49%.
In related news, General Counsel James W. Cuminale sold 2,816 shares of PJT Partners stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $48.05, for a total transaction of $135,308.80. Following the transaction, the general counsel now owns 49,502 shares in the company, valued at $2,378,571.10. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 8.01% of the company’s stock.
About PJT Partners
PJT Partners Inc is an advisory-focused investment bank. The Company offers an array of strategic advisory, restructuring and special situations and private fund advisory and placement services to corporations, financial sponsors, institutional investors and governments. It provides, through Park Hill Group, private fund advisory and placement services for alternative investment managers, including private equity funds, real estate funds and hedge funds.
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